Bitcoin and XRP Decline Amid Renewed U.S.-Iran Conflict Fears
Bitcoin (BTC) and XRP fell on May 18 as renewed tensions between the United States and Iran raised macroeconomic risks. The conflict has driven up oil prices, contributing to higher-than-expected inflation in April at 3.8%, which reduces expectations for a near-term Federal Reserve rate cut.
Tickers: $BTC
Topics: Bitcoin price movement Federal Reserve policy inflation data U.S.-Iran tensions